Dollar near 3-1/2 week lows; commodity, currencies stand tall

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• Jan 25, 2018Dollar stung by Mnuchin comments, euro awaits ECB's currency views - The HinduBusinessLine-0.3%
• Jul 26, 2023Dollar’s decline throws spotlight on battered commodity currencies+0.6%
• Jul 31, 2017Rupee gains on weak dollar - The HinduBusinessLine+0.3%
• Jul 27, 2020Dollar’s weakness boosts rally in commodities and currencies - Gulf Times-0.8%
• Mar 17, 2017Asian stocks set to end week higher; dollar left in doldrums by Fed - The HinduBusinessLine-0.6%

After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.

• Aug 23, 2021Rebound in commodity prices, weaker dollar lift Latam currencies - Markets - Business Recorder+10.5%
• May 18, 2020Dollar struggles as rising oil prices lift commodity currencies+13.5%
• Jul 31, 2023Canadian dollar notches monthly gain as commodity currencies rally - The Globe and Mail+2.8%
• May 11, 2021Commodity currencies hold advantage as dollar waits for inflation and Fed | Reuters+2.0%
• Nov 30, 2016Seoul: Won down at 1-week low as US dollar jumps after Opec deal; stocks up - The Business Times+12.5%